All News articles – Page 35
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NewsAuto enrolment: Could removal of £10k trigger help low earners save more into a pension
A research report commissioned by the Pensions and Lifetime Savings Association (PLSA) and carried out by the Pensions Policy Institute (PPI) looked at whether removing the £10,000 auto enrolment earnings trigger could help the UK's low earners save more into their pension.
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NewsPensions: How trustees can take pride in a diverse industry
As The Pensions Regulator’s home city gears up for UK’s biggest LGBTQ festival, its director of regulatory policy, analysis and advice, explains how trustees can take immediate action to help ensure workplace pensions work for all savers.
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NewsWhat does High Court ruling mean for the BBC and other DB pension schemes?
The High Court has quashed an attempt by the BBC to limit the costs of its future DB obligations, we look at what the ruling means.
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NewsPension schemes urged to get on board with ABI/PLSA #pensionattention campaign
The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) will team up again this September to call on the public to pay their pension some attention.
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NewsConsumer duty: FCA's overhaul will force financial services companies to 'up their game'
The Financial Conduct Authority (FCA) has introduced new rules which aim to crack down on poor customer service, offer better value for money and protect vulnerable customers.
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NewsConsumer duty: Stricter regulation needed for members caught up in record insurance buyout activity
The introduction of the Financial Conduct Authority (FCA)’s new consumer duty will be particularly welcome to trustees of defined benefit (DB) pension schemes who are entering into bulk annuity insurance transactions.
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NewsTPR: Upper Tribunal upholds £1.87m Meghraj pension ruling
Following the Upper Tribunal's decision, Anant Shah, the former owner of the scheme’s employer, will be required to pay £1,875,403 into the Meghraj Group Pension Scheme.
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NewsK3, Just and Cartwright complete £7m buy-in with undisclosed food manufacturer
K3 Advisory, an independent bulk annuity and consolidator advisory business, and actuary and consultant Cartwright, have announced the successful completion of a £7m buy-in for the pension scheme of a company in the food manufacturing sector.
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NewsCanada Life completes first ever deferred member buy-in
An undisclosed pension scheme has insured the remaining benefits of its defined benefit pension scheme with Canada Life in a transaction worth £58m, following a competitive tender process run by Hymans Robertson.
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NewsPensions industry: Week in brief
LGPS staff are concerned about resources, according to an PLSA survey: while Broadstone predicts a bumper second half of the year for buyouts: questions over the FCA's consumer duty and a £200m property deal between SLIP and PIC, here's the news you may have missed this week.
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Standard Life completes £1.2bn buy-in with Mitchells & Butlers pension plan
Standard Life has completed a £1.2bn bulk purchase annuity transaction covering the 20,200-member strong Mitchells & Butlers pension plan.
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NewsPensions Management Institute elects new president
The Pensions Management Institute (PMI) has elected Robert Wakefield as president following it 47th Annual General Meeting (AGM).
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NewsDelays cause consumers to wait 'far too long' for pension transfers
Consumers are waiting on average almost one month (29 days) for companies to transfer their pension funds to a new provider, according to new data released this morning by retirement adviser My Pension Expert.
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NewsUSS: Private market allocation helps it shrug off rising inflation and market volatility
Universities Superannuation Scheme (USS), one of the last defined benefit schemes open to new members, said market volatility, rising inflation and the war in Ukraine had made investment challenging in the year ending 31 March 2023.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsCan a specialist service help endgame schemes manage illiquid assets?
The move has been prompted by an improvement in pension scheme funding levels among over the past twelve months, and presenting the option for risk transfer sooner than previously anticipated.
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NewsCan pension funds afford to invest in private equity?
In his Mansion House speech Chancellor Jeremy Hunt unveiled proposals to allocate at least five per cent of defined contribution default funds to unlisted companies by 2030, but are pension schemes ready to absorb the price of private equity.
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.